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Index Trend Analysis Report
Prepared for you on Monday, May 23, 2022.
S&P GSCI Wheat (CME:SPGSWH)
Countertrend Up (+85) - SPGSWH is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid SPGSWH?
MarketClub looks at technical strength and momentum to determine if the timing is right for SPGSWH.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for SPGSWH
The long-term trend has been UP since Aug 27th, 2020 at 374.22
The intermediate-term trend has been UP since May 12th, 2022 at 775.74
The short-term trend has been DOWN since May 20th, 2022 at 808.14
Smart Scan Analysis for SPGSWH
Based on our trend formula, SPGSWH is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 800.85 | 811.70 | 798.13 | 807.12 | +14.08 |
| Prev. Close | Volume | Bid | Ask | Time |
| 793.04 | 0 | 2022-05-23 13:31:50 |
| 52wk High | 402.205 | 52wk High Date | 2018-08-02 |
| 52wk Low | 278.541 | 52wk Low Date | 2017-12-12 |